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Al Rushaid Group (Dhahran, Kingdom of Saudi Arabia) and Flowserve Corp. ratified an agreement to build the largest OEM pump repair, manufacturing and training facility in the Middle East.

The U.S. steel recycling rate increased to a record 63% in 2005, according to the Steel Recycling Institute´s latest figures released June 1.

NS Group Inc. named Patrick Donnelly as chairman of the board effective May 10. Donnelly has served as a director of the company since 1981.

Flowserve Corp. reported that the staff of the Securities and Exchange Commission has concluded its investigation related to the company's restatements without recommending any enforcement action against the company.

The International Stainless Steel Forum (ISSF) expects stainless steel production to reach 26.4 million metric tons (mmt) in 2006, an increase of 8.6% on 2005.

Detroit-based Legend Valve has hired Robert Vick as vice president/business development. Vick joined Stockham Valves and Fittings to sell valves and fittings right out of undergraduate school.

The following are tidbits gleaned from reports of Industrial Information Resources (www.industrialinfo.com) telling of hot markets for present and future industrial spending.

Cooper Cameron announced its name will be officially changed to the shorter, Cameron. Ed Will, vice president of marketing for Cameron's Drilling & Production Systems group, made the statement to a gathering of oil and gas E&P professionals at the company's OTC event.

Walter Industries Inc. and Mueller Water Products Inc. announced the closing of the initial public offering of Mueller Water Products' Series A common stock.

E&S Valve Components of Longview, TX, has been acquired by Array Holdings Inc., based in Muskogee, OK, effective May 1, 2006. E&S Valve Components was a subsidiary of Valve Components Inc., Muskegon, MI, which also owns DynaTorque.